BUSI 1600U Chapter Notes - Chapter 1: North American Industry Classification System, Consumer Protection, Customer Relationship Management
Document Summary
Interests groups includes stakes holders that are concerned about the welfare of the business. Levels of government: federal - provincial - municipal. Regulator: achieved through administrative boards, tribunals and commission. The purpose is to promote competition, consumer protection, achieve social goals and environmental protection. Provider of essential services: creates stability that encourages business active. Standard of living is the level of wealth, comfort, material goods, and necessities available to its people. Standard of living = income per person and poverty rate. Others factors include: access to and quality of health care, income-growth inequality, availability of employment, environmental quality and educational standards. Quality of life: subjective and intangible (refer to canadian charter of rights and freedom). Public business sector: goods and services from the government and public sector organizations (publicly controlled government business enterprises) Private business sector: goods and services from private individuals or groups for profit.
